What if offshoring isn't the boon the corp execs expected? What if investment vehicles (read complicated boondoggles designed to move money from the middle and lower class into the upper class' pockets via expensively-furnished con jobs run out of the 'credit economy') really don't do anything useful?
Well, then you get what is happening now on Wall Street.
Which looks, to this un-initiate (thank you FSM) like the chickens coming home to roost.
Jared Bernstein is an economist. This is his take on it:

A statement from EPI senior economist Jared Bernstein on the financial market meltdown

“There’s a silver lining to this crisis on Wall Street, if we’re smart enough to recognize it. The markets are sending an unequivocal signal that we need to change the way we do business. That means greater transparency, more responsible lending standards, sensible capitalization levels, and, above all, a more balanced approach toward risk. To clean up the mess yet ignore this deeper signal would be fatal to our financial markets and our hopes for an ultimate recovery.”

Not all progress is forward, boys and girls.

Aqui is an mp3 that is supposedly Allende's last words. My Spanish really sucks, so I have no idea if it's real. But I'm just going to run with the translation I found over at Moon of Alabama which is a really informative blog if you've not read it before and worth some time, particularly the comments, which are very lively and link-rich. Anyway, the coffee is just kicking in, and this made me really tear up:

Surely, this will be the last opportunity for me to address you. The Air Force has bombed the antennas of Radio Magallanes. My words do not have bitterness but disappointment. May they be a moral punishment for those who have betrayed their oath: soldiers of Chile, titular commanders in chief, Admiral Merino, who has designated himself Commander of the Navy, and Mr. Mendoza, the despicable general who only yesterday pledged his fidelity and loyalty to the Government, and who also has appointed himself Chief of the Carabineros [paramilitary police]. Given these facts, the only thing left for me is to say to workers: I am not going to resign!

Placed in a historic transition, I will pay for loyalty to the people with my life. And I say to them that I am certain that the seeds which we have planted in the good conscience of thousands and thousands of Chileans will not be shriveled forever. They have force and will be able to dominate us, but social processes can be arrested by neither crime nor force. History is ours, and people make history.

Workers of my country: I want to thank you for the loyalty that you always had, the confidence that you deposited in a man who was only an interpreter of great yearnings for justice, who gave his word that he would respect the Constitution and the law and did just that.   Read more…